betkubi online casino Fuel price hike up to P1.45/L greets motorists on Christmas week

Fuel price increase. INQUIRER FILE PHOTO

Motorists will see higher prices for petroleum products this Christmas week, with oil companies announcing up to a P1.45 increase in prices.

WASHINGTON – The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023’s level on greater spending, including for interest on the public debt.

Authorities have since last month unveiled a raft of measures to kickstart sluggish consumption and address a prolonged and debilitating debt crisis in the country’s colossal property sector.

In separate advisories on Monday, Petro Gazz, Shell Pilipinas, and CleanFuel said the per-liter price of diesel would jump by P1.45 starting Tuesday.

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READ: Oil price hike of 80¢/L starting Dec 17

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Gasoline and kerosene prices would also jack up by 50 centavos and 75 centavos per liter, respectively.

Rodela Romero, Department of Energy-Oil Industry Management Bureau assistant director, said the increases could be blamed on the strengthening of the dollar as well as the drop in US crude stocks.

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Last week, oil companies imposed up to an 80-centavo increase in petroleum products.

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